Indianapolis bio sector hopeful as venture firms cash out
Profits flowing from earlier investments could mean more available capital, but firms continue to be selective in placing their bets.
Economic Development
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UPDATE: Skjodt-Barrett Foods bringing 300 jobs to Lebanon
The newest tenant in Lebanon Business Park will occupy 214,000 square feet and make a $20 million investment to build out the space and install equipment.
Dorson resigns from chamber post
Roland Dorson, president of the Greater Indianapolis Chamber of Commerce since 1996, resigned Friday. He had taken a leave of absence earlier in the month.
Indy Chamber will award cash prizes to businesses that tell of challenges overcome
A panel of judges, including Hoosier native, former NBA player and entrepreneur Jon McGlockin, will select three winning entries.
Indianapolis angel investors land at Flagship Enterprise Center in Anderson
Capital from members of StepStone Angels could fund business incubator’s tenants.
Can Indianapolis recover convention chief stability?
Leonard Hoops is the third CEO of the Indianapolis Convention and Visitors Association in three years—not ideal in an industry where it often takes three to five years to consummate a deal and as long as a decade to plan and build infrastructure
Pet website enables owners to book kennels
Indianapolis startup looks to become the Expedia of pet travel.
Allison to add 200-plus jobs over next two years
Allison Transmission plans to invest $89 million to grow its headquarters and manufacturing operations, creating as many as 205 jobs by 2013.
HICKS: Economic activity stalls when taxes rise
We know from long experience that, if you raise taxes, you get less economic activity, even if higher tax rates make some people work harder.
Shelbyville uses new incubator to lure tech firm Tyros
A company that will soon become Shelbyville’s newest corporate resident has a nifty, high-tech idea to help schools, leagues and sports associations connect with sports referees and officials.
UPDATE: Chamber leaders clashed on transit strategy
A turf battle over mass transit may have fueled Roland Dorson's apparent departure from the Greater Indianapolis Chamber of Commerce.
Blue Ribbon Transport plans move, new jobs
Indianapolis logistics firm Blue Ribbon Transport Inc. will invest $1 million to move into a larger headquarters, adding as many as 75 jobs over the next three years, economic development officials said Thursday morning.
Dorson on leave amid fallout with executive committee
Roland Dorson, president of the Greater Indianapolis Chamber of Commerce, has had a falling out with the group’s executive committee and has gone on leave from the organization.
Town of Plainfield backs logistics training center
The Plainfield Town Council has agreed to spend $500,000 over the next five years to help Vincennes University create the VU Logistics Training and Education Center, the college announced Tuesday.
General Mills considering site near Fort Wayne
The Allen County Council is considering giving General Mills a tax abatement of more than $3 million over 10 years on a proposed $36 million warehouse near Fort Wayne.
Tax breaks approved for bioanalytical lab operator
The Metropolitan Development Commission on Wednesday preliminarily approved Advion BioServices Inc.’s request for a tax abatement to build a laboratory at Purdue Research Park in Indianapolis.
Indianapolis tech experts talk about the local industry
In a question-and-answer forum, leaders weigh in on topics ranging from tech transfer to the future of Aprimo.
City considering abatement terminations, continuances
Five companies are set to have their tax breaks terminated or continued as the city attempts to update the state of the benefits that date to the previous administration.
Doc groups play up economic impact
Physicians are regarded as smart, successful and helpful when you’re sick—but not usually as a big driver of the economy. Now, however, physician trade groups are arguing that docs are good for business too.
Bioanalytical researcher seeking abatement for new lab
Advion, a provider of bioanalytical research and a subsidiary of Ithaca, N.Y.-based Advion BioSciences Inc., is expected to open the 22,000-square-foot lab in mid-May with 49 employees, according to the company’s application.